GENSTERS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GENSTERS
Largest movements
- Deferred charges and accrued income -€23,412
down €23,412 (-96.4%), from €24,286 to €873
- Cash +€15,827
up €15,827 (+3,703%), from €427 to €16,254
mainly Deferred charges and accrued income (+€23,412) and Trade debts (+€7,640)
- Receivables within one year +€6,442
up €6,442 (+15.5%), from €41,565 to €48,007
of which Trade receivables: +€9,400
- Tangible fixed assets -€1,298
down €1,298 (-29.1%), from €4,456 to €3,158
of which Other tangible fixed assets: -€1,238
- Other debts -€9,725
no longer reported in 2025 (was €9,725)
- Trade debts +€7,640
up €7,640 (+24.2%), from €31,510 to €39,150
- Tax, wage and social debts -€1,817
down €1,817 (-27.5%), from €6,607 to €4,790
- Reserves +€1,460
up €1,460 (+33.9%), from €4,301 to €5,761
of which Distributable reserves: +€1,460
- Gross operating margin -€12,126
down €12,126 (-73.1%), from €16,587 to €4,461
- Taxes -€3,270
down €3,270 (-79.5%), from €4,116 to €845
- Depreciation -€1,487
down €1,487 (-39.4%), from €3,776 to €2,289
- Financial income -€939
down €939 (-51.8%), from €1,812 to €873
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,734 | €68,292 | -€2,442 | -3.5% |
| Fixed assets | 21/28 | €4,456 | €3,158 | -€1,298 | -29.1% |
| Tangible fixed assets | 22/27 | €4,456 | €3,158 | -€1,298 | -29.1% |
| Plant, machinery and equipment | 23 | €741 | €958 | +€217 | +29.3% |
| Furniture and vehicles | 24 | €384 | €106 | -€277 | -72.3% |
| Other tangible fixed assets | 26 | €3,331 | €2,093 | -€1,238 | -37.2% |
| Current assets | 29/58 | €66,278 | €65,135 | -€1,143 | -1.7% |
| Amounts receivable within one year | 40/41 | €41,565 | €48,007 | +€6,442 | +15.5% |
| Trade receivables | 40 | €23,563 | €32,963 | +€9,400 | +39.9% |
| Other amounts receivable | 41 | €18,002 | €15,044 | -€2,958 | -16.4% |
| Cash at bank and in hand | 54/58 | €427 | €16,254 | +€15,827 | +3,703% |
| Deferred charges and accrued income | 490/1 | €24,286 | €873 | -€23,412 | -96.4% |
| Total equity and liabilities | 10/49 | €70,734 | €68,292 | -€2,442 | -3.5% |
| Equity | 10/15 | €22,893 | €24,353 | +€1,460 | +6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,301 | €5,761 | +€1,460 | +33.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,442 | €3,902 | +€1,460 | +59.8% |
| Amounts payable | 17/49 | €47,841 | €43,939 | -€3,902 | -8.2% |
| Amounts payable within one year | 42/48 | €47,841 | €43,939 | -€3,902 | -8.2% |
| Trade debts | 44 | €31,510 | €39,150 | +€7,640 | +24.2% |
| Suppliers | 440/4 | €31,510 | €39,150 | +€7,640 | +24.2% |
| Taxes, remuneration and social security | 45 | €6,607 | €4,790 | -€1,817 | -27.5% |
| Taxes | 450/3 | €6,607 | €4,790 | -€1,817 | -27.5% |
| Other amounts payable | 47/48 | €9,725 | - | -€9,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,776 | €2,289 | -€1,487 | -39.4% |
| Other operating charges | 640/8 | €738 | €687 | -€51 | -7.0% |
| Gross operating margin | 9900 | €16,587 | €4,461 | -€12,126 | -73.1% |
| Operating profit (loss) | 9901 | €12,072 | €1,485 | -€10,587 | -87.7% |
| Financial income | 75/76B | €1,812 | €873 | -€939 | -51.8% |
| Recurring financial income | 75 | €1,812 | €873 | -€939 | -51.8% |
| Financial charges | 65/66B | €41 | €54 | +€12 | +30.2% |
| Recurring financial charges | 65 | €41 | €54 | +€12 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €13,843 | €2,305 | -€11,538 | -83.3% |
| Income taxes | 67/77 | €4,116 | €845 | -€3,270 | -79.5% |
| Profit (loss) for the period | 9904 | €9,728 | €1,460 | -€8,268 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,728 | €1,460 | -€8,268 | -85.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.